The J. M. Smucker Company (NYSE:SJM) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. lowered its holdings in The J. M. Smucker Company (NYSE:SJM - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 641,411 shares of the company's stock after selling 18,493 shares during the period. J. M. Smucker makes up 3.2% of Tandem Investment Advisors Inc.'s portfolio, making the stock its 7th biggest position. Tandem Investment Advisors Inc. owned about 0.60% of J. M. Smucker worth $81,062,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Moneta Group Investment Advisors LLC grew its holdings in J. M. Smucker by 85,116.7% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,102,297 shares of the company's stock valued at $333,130,000 after purchasing an additional 2,099,830 shares in the last quarter. Norges Bank acquired a new stake in J. M. Smucker during the 4th quarter valued at $219,033,000. Ameriprise Financial Inc. grew its holdings in J. M. Smucker by 487.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,459,200 shares of the company's stock valued at $178,961,000 after purchasing an additional 1,210,837 shares in the last quarter. Nordea Investment Management AB grew its holdings in J. M. Smucker by 363.8% during the 4th quarter. Nordea Investment Management AB now owns 1,274,015 shares of the company's stock valued at $160,258,000 after purchasing an additional 999,315 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in J. M. Smucker by 12,722.3% during the 4th quarter. International Assets Investment Management LLC now owns 334,022 shares of the company's stock valued at $42,214,000 after purchasing an additional 331,417 shares in the last quarter. Institutional investors and hedge funds own 81.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on SJM shares. DA Davidson assumed coverage on shares of J. M. Smucker in a report on Friday, March 1st. They set a "neutral" rating and a $132.00 price target for the company. StockNews.com upgraded shares of J. M. Smucker from a "sell" rating to a "hold" rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their price objective on shares of J. M. Smucker from $126.00 to $128.00 and gave the company a "neutral" rating in a research note on Wednesday, February 28th. Citigroup reduced their price objective on shares of J. M. Smucker from $153.00 to $152.00 and set a "buy" rating on the stock in a research note on Wednesday, February 28th. Finally, Stifel Nicolaus upgraded shares of J. M. Smucker from a "hold" rating to a "buy" rating and set a $135.00 price objective on the stock in a research note on Wednesday, February 28th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, J. M. Smucker has an average rating of "Hold" and a consensus price target of $137.47.

J. M. Smucker Price Performance

J. M. Smucker stock traded down $0.21 during trading hours on Wednesday, hitting $109.77. 1,222,113 shares of the company traded hands, compared to its average volume of 1,270,923. The firm has a market cap of $11.65 billion, a P/E ratio of -124.74, a P/E/G ratio of 1.76 and a beta of 0.21. The company has a quick ratio of 0.38, a current ratio of 0.78 and a debt-to-equity ratio of 1.07. The firm's 50-day simple moving average is $122.18 and its two-hundred day simple moving average is $120.84. The J. M. Smucker Company has a 1-year low of $107.33 and a 1-year high of $159.92.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.21. The company had revenue of $2.23 billion for the quarter, compared to analysts' expectations of $2.22 billion. J. M. Smucker had a negative net margin of 1.24% and a positive return on equity of 14.29%. The business's revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.21 EPS. As a group, analysts forecast that The J. M. Smucker Company will post 9.6 earnings per share for the current fiscal year.

J. M. Smucker Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 16th were paid a $1.06 dividend. The ex-dividend date was Thursday, February 15th. This represents a $4.24 annualized dividend and a dividend yield of 3.86%. J. M. Smucker's dividend payout ratio is currently -481.82%.

Insider Transactions at J. M. Smucker

In other news, insider Jeannette L. Knudsen sold 3,200 shares of J. M. Smucker stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $124.77, for a total value of $399,264.00. Following the transaction, the insider now owns 8,946 shares of the company's stock, valued at approximately $1,116,192.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.50% of the company's stock.

J. M. Smucker Company Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.

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